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Gold Rises as Dollar Weakens

Doha: Gold prices edged higher on Thursday helped by a weaker dollar on growing expectations of a Federal Reserve rate cut next month. Spot gold added 0.1% at $3,372.97 per ounce, and US gold futures gained 0.3% to $3,442.20. The dollar index hovered near more than one-week low after a surprisingly weak US jobs data.

According to Qatar News Agency, elsewhere, spot silver was steady at $37.83 per ounce, platinum gained 0.2% to $1,336.74, and palladium rose 0.7% to $1,139.98.